RWA Wealth Partners LLC Acquires 840 Shares of Roper Technologies, Inc. (NYSE:ROP)

RWA Wealth Partners LLC raised its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 19.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,236 shares of the industrial products company's stock after acquiring an additional 840 shares during the period. RWA Wealth Partners LLC's holdings in Roper Technologies were worth $2,722,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Roper Technologies during the fourth quarter worth $914,052,000. JPMorgan Chase & Co. lifted its position in Roper Technologies by 54.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after buying an additional 360,632 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Roper Technologies by 87.8% during the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock worth $410,977,000 after buying an additional 345,268 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Roper Technologies in the 4th quarter valued at about $148,070,000. Finally, Proficio Capital Partners LLC increased its position in shares of Roper Technologies by 59,278.6% in the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock valued at $145,697,000 after acquiring an additional 279,795 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts recently commented on ROP shares. Barclays reduced their price target on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research report on Wednesday, January 8th. Oppenheimer raised their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Truist Financial reaffirmed a "buy" rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Raymond James reissued a "strong-buy" rating and issued a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and upped their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $629.18.

Roper Technologies Stock Performance

Shares of ROP traded down $5.10 during midday trading on Friday, reaching $573.79. 397,195 shares of the stock were exchanged, compared to its average volume of 538,859. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company has a market cap of $61.62 billion, a P/E ratio of 40.03, a PEG ratio of 2.77 and a beta of 1.06. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The stock's 50 day simple moving average is $575.44 and its 200 day simple moving average is $554.71.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. Roper Technologies's dividend payout ratio (DPR) is presently 23.01%.

Insider Buying and Selling at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total value of $1,734,150.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,221,292.10. The trade was a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard F. Wallman sold 351 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $575.25, for a total transaction of $201,912.75. Following the sale, the director now directly owns 20,187 shares of the company's stock, valued at $11,612,571.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock valued at $4,712,045 in the last three months. Corporate insiders own 0.87% of the company's stock.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.